Nakheel properties is planning to issue Dh4.8 billion sukuk (Islamic bonds) at the end of June to pay nearly 60 per cent of its debt as part of overall restructuring involving its separation from the state-owned conglomerate Dubai World (DW), its chairman has said.
Ali Rashid Lootah said the sukuk would be issued on time and there would be no delay as the company had taken measures to remove all obstacles for the settlement process..............................................Full Article: Source